David, for decades it has fascinated me how huge differences can exist for decades between countries. Like water and electricity, money flows downhill. The greater the voltage or hydrostatic head or wealth difference, the greater the flow rate should be.
What is fascinating is that it doesn't happen much with money flow.
The big money to be made is in building a pipeline or wire, or these days, a phragmented photon link, between the rich and poor.
Send services one way and receive payment the other.
It's really quite a laugh to see amounts of money discussed in SI [in salaries] which to normal humans around the planet are unimaginably large amounts of money.
What's odd is that the USA with the big loads of money seems to gobble Prozac flat out. India and half-way house NZ seem to be happy enough. Per capita happiness seems to me to be comparable in the USA, NZ and India.
My plan is to have QUALCOMM provide the cdma2000 phragmented photon pipeline to China, India etc. QUALCOMM and other companies hire swarms of Indians and Chinese to do development work. They use the money they get paid to buy swanky new cdma2000 cyberphones.
QUALCOMM delivers lots of US$ profits to me. I use those to buy some of the stuff which the Chinese make [methanol-powered cyberphones is what I want].
In the 1970s, we worked in Ottawa, saved our money, came back to NZ and had big spending power. That's the way to make heaps. One would think that after a few decades, things would equalize, but they haven't.
Right now, [according to popular wisdom], it's a no-brainer to know that the US$ has to fall. Except that it will not surprise me in the slightest if it remains unsustainably high for another few decades. The USA has a lot going for it, despite Enron, Global Crossing and Worldcom. I still trust Irwin Jacobs and the USA a LOT more than I trust China with my hard-earned savings.
Mqurice |
